The Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage

This paper investigates the relationship between the competitive advantage and balance sheet composition of the firm, based on metrics contained in the structure of financial statements, from endogenous origin (firm’s balance sheet composition) or exogenous (level of sector concentration). In additi...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Luiz Claudio Louzada, Márcio Augusto Gonçalves
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2018
Materias:	competitive advantage decomposition of operational performance level of concentration structure conduct performance resource theory Business HF5001-6182
Acceso en línea:	https://doaj.org/article/631e62388ffd4c7c893088b9046c161f
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:631e62388ffd4c7c893088b9046c161f
record_format	dspace
spelling	oai:doaj.org-article:631e62388ffd4c7c893088b9046c161f2021-11-11T15:48:07ZThe Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage1807-734X10.15728/bbr.2018.15.6.1https://doaj.org/article/631e62388ffd4c7c893088b9046c161f2018-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123057497001https://doaj.org/toc/1807-734XThis paper investigates the relationship between the competitive advantage and balance sheet composition of the firm, based on metrics contained in the structure of financial statements, from endogenous origin (firm’s balance sheet composition) or exogenous (level of sector concentration). In addition, we perform tests in order to verify whether the exogenous characteristics moderate the relation between endogenous characteristics and the firm’s operational performance. We selected data from the Economatica® database, a Brazilian company specialized in information for the capital market. We based the tests on the hierarchical model approach with repeated measures involving serial and nested regressions, estimated by maximum likelihood. The test results suggest that (i) the firm’s idiosyncratic features have greater explanatory capability for the firm’s performance than the industry features; (ii) the relation between firm idiosyncratic resources and firm performance are sensitive to industry characteristics.Luiz Claudio LouzadaMárcio Augusto GonçalvesFUCAPE Business Schoolarticlecompetitive advantagedecomposition of operational performancelevel of concentrationstructureconductperformanceresource theoryBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 15, Iss 6, Pp 512-532 (2018)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	competitive advantage decomposition of operational performance level of concentration structure conduct performance resource theory Business HF5001-6182
spellingShingle	competitive advantage decomposition of operational performance level of concentration structure conduct performance resource theory Business HF5001-6182 Luiz Claudio Louzada Márcio Augusto Gonçalves The Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage
description	This paper investigates the relationship between the competitive advantage and balance sheet composition of the firm, based on metrics contained in the structure of financial statements, from endogenous origin (firm’s balance sheet composition) or exogenous (level of sector concentration). In addition, we perform tests in order to verify whether the exogenous characteristics moderate the relation between endogenous characteristics and the firm’s operational performance. We selected data from the Economatica® database, a Brazilian company specialized in information for the capital market. We based the tests on the hierarchical model approach with repeated measures involving serial and nested regressions, estimated by maximum likelihood. The test results suggest that (i) the firm’s idiosyncratic features have greater explanatory capability for the firm’s performance than the industry features; (ii) the relation between firm idiosyncratic resources and firm performance are sensitive to industry characteristics.
format	article
author	Luiz Claudio Louzada Márcio Augusto Gonçalves
author_facet	Luiz Claudio Louzada Márcio Augusto Gonçalves
author_sort	Luiz Claudio Louzada
title	The Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage
title_short	The Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage
title_full	The Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage
title_fullStr	The Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage
title_full_unstemmed	The Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage
title_sort	moderating effect of the sector's level of concentration on the relationship between balance sheet composition and the firm's competitive advantage
publisher	FUCAPE Business School
publishDate	2018
url	https://doaj.org/article/631e62388ffd4c7c893088b9046c161f
work_keys_str_mv	AT luizclaudiolouzada themoderatingeffectofthesectorslevelofconcentrationontherelationshipbetweenbalancesheetcompositionandthefirmscompetitiveadvantage AT marcioaugustogoncalves themoderatingeffectofthesectorslevelofconcentrationontherelationshipbetweenbalancesheetcompositionandthefirmscompetitiveadvantage AT luizclaudiolouzada moderatingeffectofthesectorslevelofconcentrationontherelationshipbetweenbalancesheetcompositionandthefirmscompetitiveadvantage AT marcioaugustogoncalves moderatingeffectofthesectorslevelofconcentrationontherelationshipbetweenbalancesheetcompositionandthefirmscompetitiveadvantage
_version_	1718433891687071744

The Moderating Effect of the Sector's Level of Concentration on the Relationship Between Balance Sheet Composition and the Firm's Competitive Advantage

Ejemplares similares